yuan corridor
Following in the footsteps of Standard Bank and Afreximbank, the Lomé-based pan-African lender is plugging its vast cross-border footprint into Beijing’s clearing architecture as China-Africa trade hits record highs.
Ecobank Group has signed a Memorandum of Understanding (MoU) with China’s Cross-Border Interbank Payment System (CIPS), paving the way for direct renminbi (RMB) clearing and settlement across its 34-country footprint in sub-Saharan Africa.
